1. Efficiency and Compliance Voice Documentation for Financial Services

2. Lets Take a Look Common challenges within financial services Description of voice documentation How voice documentation addresses industry challenges

3. Challenge: Operational Efficiency Financial services are largely commoditized Cost control is key to increasing profits Quicker delivery of revenue-driving service speeds payment Efficiency drives profits How do you drive efficiency?

4. 1. Process design 2. Technology investment 3. Effective training 4. Performance monitoring Efficiency drivers Challenge: Operational Efficiency

5. Challenge: Compliance Every aspect of the industry is heavily regulated Documentation of virtually all communications and transactions is required All processes and technology investments must consider compliance impact High cost of regulation How do you balance these challenges?

6. Process Efficiency Train on processes Monitor performance Provide tools to accelerate delivery Compliance Document all transactions Secure private information Verify and communicate key information with client Challenge: Striking a Balance

7. Solution: Voice Documentation Technology that creates digital media documents from business telephone calls Centrally stores voice documents in secure network appliance Provides the ability to organize, retrieve, comment upon and share voice documents

8. How This Works 1.A credit card specialist takes an application over the phone 2.You review the application and the voice document 3.The process was not followed properly – SSN verification was not given – so you note the error and share the voice document with your notes with the specialist

9. Efficiency Uses Provide best practice examples to staff for training Review periodically to monitor process adherence Retrieve specific documents to manage disputes or problems Give phone users ability to review voice documents rather than repeat calls to correct mistaken information Process administration 56% of business contact attempts fail at least on first attempt* - slowing delivery! Source: Unified Communications Application: Uses and Benefits, Sage Research, 2006

10. Other Uses Speed information transfer to speed process completion Document transaction requests for auditing and compliance Loan applications Transfer requests Brokerage transactions Insurance applications Policy changes Insurance claims Etc.

11. A Solution by Design Talkument uses patent-pending Portable Voice Document (PVD) technology PVD technology promotes collaboration through its highlighting, commenting and sharing features Voice documents never leave the appliance…access is granted via encrypted file streaming Access is permissions-based using role definitions and voice document categorization Talkument promotes process administration and efficiency while being fully secure and GLBA compliant!

12. Financial services institutions deal with process and compliance challenges Voice documentation provides a way to resolve some of these challenges efficiently Talkument offers compliant, easy to use voice documentation Review